- Digitalization Transformation of the Regulatory Infrastructure of Hong Kong’s Financial Markets is Gaining Momentum
- Updates on The Stock Exchange of Hong Kong Limited’s Headline Categories regarding Nomination Committee Changes and Compliance
- The Stock Exchange of Hong Kong Limited Updates Guidance Materials to Reflect Expansion in Paperless Listing Regime
- Hong Kong Securities and Futures Commission and The Stock Exchange of Hong Kong Limited Launch First-Ever Joint Disciplinary Action Against Listed Company Directors to Enforce Cooperation in Investigations
- The Hong Kong Exchanges and Clearing Limited Implements Phase 1 Minimum Spreads Reduction to Enhance Trading Efficiency
- The Stock Exchange of Hong Kong Limited Concludes Consultation on IPO Price Discovery and Open Market Requirements and Launches Further Consultation on Ongoing Public Float Proposals
- Hong Kong Financial Services and the Treasury Bureau Launches Public Consultation on Strengthening Licensed Money Lenders Regulation to Address Excessive Borrowing
- Hong Kong Securities and Futures Commission Secures Disqualification Order to Uphold Corporate Governance Standards
- Hong Kong Securities and Futures Commission and Independent Commission Against Corruption Conduct Joint Operation to Combat Market Manipulation and Corruption
- Hong Kong Securities and Futures Commission Reports 13% Asset Growth Highlighting Robust Fund Management Sector
- Hong Kong Accounting and Financial Reporting Council Publishes Inspection Findings to Enhance Transparency and Regulatory Compliance
- Hong Kong Monetary Authority Implements Supervisory Regime for Licensed Stablecoin Issuers
- Hong Kong Insurance Authority Publishes Consultation Conclusions on Draft Insurance (Public Disclosure) Rules for Public Disclosure Requirements
- The Hong Kong Companies Registry Releases Statistics for First Half of 2025
- China Securities Regulatory Commission Imposes Penalties to Address Financial Fraud in Listed Companies
Month: August 2025
Legal Challenges in Using Blockchain Technology in Securing Royalties for Artwork
The integration of Artificial Intelligence (AI) in art and creative sectors brings forth both opportunities and challenges, which calls for a thorough understanding of the legal framework to ensure compliance and safeguard intellectual property. This article delves into the role of blockchain in securing artwork royalties and its impact on taxation.
Virtual assets (VAs) and crypto-assets, synonymous terms, refer to digital assets issued or transferred through distributed ledger or blockchain technology. Blockchain technology emerges as a robust solution for safeguarding art by establishing a transparent and unchangeable record of ownership and provenance. By leveraging blockchain, artists can retain control over their work and receive royalties from subsequent sales through smart contracts, promoting fairness and transparency in the art market.
The use of means such as Non-Fungible Tokens (NFTs) are reshaping the balance of power, shifting it from intermediaries back to artists and creators. With blockchain’s incorporation in NFTs, tracking royalties and direct payments to artists become feasible, allowing for continuous benefit when their art is commercially disseminated. This alteration in business models within creative industries signifies a substantial change, offering artists ongoing compensation for their work.
Legal Challenges in Using Blockchain Technology in Securing Royalties for Artwork_en